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"Moving The Goalposts": BofA Downgrades Nike, Slashes Target As Turnaround Story Delayed

"Moving The Goalposts": BofA Downgrades Nike, Slashes Target As Turnaround Story Delayed Nike shares fell 2% in New York premarket trading after BofA retail analyst Lorraine Hutchinson downgraded the world's largest athletic footwear and apparel company, warning that its "turnaround is taking longer" than expected. With shares trading at 2014 levels, the downgrade adds new woes to a recovery story that might not materialize until 2028. In the report published earlier today, titled "Moving the goalposts," Hutchinson downgraded Nike to "Underperform" from "Neutral" and cut her price target to $30...
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